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it constitutional. those are all things i disagree with. they were done within the framework of the law. in this case congress would have acted ahead of time and made it apparent we don't favor anything like this. i think it is a little bit different. melissa: are you worried, are there internal conversations what is going on in cyprus and any spillover you might see around the world? any ensuing global slowdown because just a few hours ago they said they were cutting in half the amount of money that people can take out of the atms. they have had the banks closed for days. they are not reopening them, they say, until next tuesday. now they even said you can take half as much money out of the atm as you could before, basically guaranteeing there will be a run on banks when they finally do open them. are you guys worried about a spillover? >> i am a little bit worried about that. i think confidence is a very fragile commodity. you have it until you don't. something like this, while this is happening obviously overseas. there is no indication that american regulators or american officials
come monday. in cyprus chaos reached a fever pitch. reuters reporting it just passed laws to create a solidarity fund that would pool state assets and give government powers to impose capital controls on banks. the european central banks says cyprus has until monday to raise $7.5 billion or risk financial collapse. banks there have been closed all week and hundreds of demonstrators gathering outside of parliament protesting. it is coming down to the wire. what will this do to the markets. what should you do with your portfolio? with me now is our money power panel. senior fellow at peterson institute. lance roberts, ceo and chief economist with street advisors. pleasure having you there. we're trying to get our third guest all strapped up. i think that was spencer patton. we'll see if we have him in a bit. jacob, let me start wit you. what do you thk of these latest developments? >> well, i think they're fairly prectable actually. it is very clear that the european central bank has given cyprus an ultimatum. it basically put as gun to your head. unless you come up with a deal that q
.com we put the law on your side. david: a 17-year-old startup was acquired by yahoo. nick founded the mobile news app at just 15, no official price was announced for the deal, but reports say it was just under $30 million, not bad for a 17-year-old. >> love that. also, an egg that might break the base cat. a new york bakery selling this three foot easter egg for $1,000, weighing 22 pounds, dark chocolate adorned with birds that were inspired by angry birds. >> number two, february new home sales, economists expect new sales to drop 3.4 #%. january showed a surge of 16 #.6% and median sales price dropped. >> february durable goods orders tomorrow. economists expect the items to rise by 3.8% following a drop of 5.2 #% in january. >> thank you for joining us, a pleasure to have liz back with us. >> thank you so much. happy passover to our jewish friends, and "money" with our melissa francis is next. >> investors bet that all is not well in europe, cypress scored the bailout, but the bulls slammed. speculation grew that the brutal terms of the deal may become common place in future ba
million who are here? >> you remove them as identified by law and allow them to leave voluntarily. if we have the incentives in place they would self to port with attrition. john: make it so hard they leave on their own? >> dry up the smorgasbord of benefits like driver's license and sanctuary cities >> the idea we could keep people out i one that has never worked the government spend smarter on border security and people are still coming b. john: just deport them. >> assuming the government can do anything correctly. [laughter] [applause] by the way if you are worried about the welfare state that is an argument to get rid of it rather than keep people out. [applause] john: if you are not legal you are not eligible. summer automatically like kids in school andhospital emergencies but food stamps stamps, medicaid they are not eligible. >> one thing to say is feration for american immigration reform we are bipartisan 501(c)(3) we're not anti-immigrant just somebody on a diet is anti-food is regulation. john: but they pay taxes and don't coect welfare. >> the cost of illegal immigration las
a slight gain wi the nasdaq and s&p 500 posting minor laws. the s&p fell for thehird straight seson. that is the worst losing streak of the year. microsoft could be in some hot water with the justice department. microsoft and some of its business partners are being investigated over a foreign bribery claims. government officials in china, italy and romania were allegedly bribed to earn software contracts but shares of microsoft still managed to close the day up slightly. >>> all right we start tonight in cyprus. th parliament rejected the tax on bank deposits, potentially killing the bailout but russia is floating another option, gazprom, which is russia's state-owned oil company, is reportedly offering exploration rights to the island's rich natural gas fields. here to break it down the former im fsec tiff board member and current visiting fellow at the peterson institute for international economics. doug, welcome to the show. >> thanks. melissa: is there a danger to letting russia really get its hooks in cyprus ke that? should we be worried about that? >> absolutely. i mean russia
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Search Results 0 to 8 of about 9 (some duplicates have been removed)

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